My 2025 Annual Budget/Spending Plan 🛍️

[@KatieoftheHouse]

I’m always intimidated by doing an annual budget, but you make it seem so simple with how you lay everything out. Thanks for sharing!

[@PersonalFinancewithLeila]

Glad to hear that! I find them super helpful!!

[@kris-fb4qi]

I didn’t know you could pay $99 to get Spotify for the year. You saved me $44 love your videos Thank You!!

[@PersonalFinancewithLeila]

Yay!! Thank you 😊

[@lionheart93]

u can? what eslse can we pay for the year lol?

[@melisabonc8510]

@@PersonalFinancewithLeila do you have to open a new account every year? o you can keep the one you have?

[@joneswambugu]

I loved it when you would go around asking people about finances.

[@annoyingvegan98]

I totally agree about eating out. with the exception of a few restaurants, most of the time the food isn't even that good

[@belloves2laugh]

This is a great summary for the year! Thank you for your transparency as always, love watching your vids! Travel/wedding deposits will be my most expensive categories!

[@Justchilling8261]

Wishing you all the best with your goals! My three highest categories are school tuition for my three kids, groceries and transportation. We cash flowed building our home so no major home expenses.

[@sherriegray1447]

Leila your hair looks so healthy!!! Great budget video. I'm also working on my budget for 2025 sinking funds.

[@PersonalFinancewithLeila]

Thank you so much!

[@palindromePhD]

Housing, food, then the third thing is Care credit debt from my cat going to the emergency vet. That sum is interest-deferred until next December, so just making payments to have it done before then. Car is a very close 4th, but we don't drive too much.

[@kristinaanderson5887]

Rent is the biggest expense, car loan is the second (I’m hoping to pay my car off next year), and savings is the third place. Hopefully I can save up for a nice emergency fund! Great video! I downloaded your annual budget template and it’s already is insightful. Thank you for sharing!

[@zapdosmtr4961]

Ready to start 2025 for a few financial goals, down payment for car and home, and hopefully moving up at my job.

[@SaraBudgetOrganized...ish...]

Great overview! Housing, daycare, and house renovation where we're going to replace the windows + frames.

[@sie_ranis]

girl i love you so bad!!!!! i hope you have the best year!!! ❤

[@PersonalFinancewithLeila]

❤️❤️❤️ Same to you!!

[@jaclynroyer8498]

Love it!

[@Ripcraze]

Being single my largest expense is Housing & Mortgage which is a bit over 50% of my income with 4% interest, then its usually things I buy on credit card which is typically around 20-25% if I just buy what I want, Investment is as much as I can put in after everythig is paid, usually 10-15% and the rest is just other bills and stuff. One thing I'll change for the next year is putting aside money for car maintenance every month, before I just put it on the card and paid it off as just another expense.

[@PersonalFinancewithLeila]

That car maintenance savings will be a game changer!! Thank you for sharing!

[@catgodfrey6451]

Housing, pets, food, & travel😊 I’m taking a book buying break I’ve got plenty for @ least 6 months

[@stevenspencer306]

Taxes by far, then housing, then investments, then travel. Normally investments would be greater than housing, but I have some major renovations planned this year.

[@alfmeno]

My wife spends $400 in fuel per month. She drives a 2008 V8 truck. We are planning on selling it and commuting to work together as our jobs are nearby. We are also gonna cut our eating-out budget in half next year. On average we have been spending $400-450 per month on that. Outrageous! Thanks for everything that you are doing! One quick question, what are your thoughts on AI? Are you thinking of adding a new source of income using it? Happy new year, and best of luck!

[@PersonalFinancewithLeila]

Wow that's a lot 😩 I'm sure carpooling will help a ton, sounds like y'all have a great plan! I love AI for ideas and help with certain things I'm trying to word, but I won't be monetizing it in anyway!

[@marik1104]

Do you have a video detailing your business expenses/tax write-offs? I'm self-employed and think it would be helpful. Thanks!

[@PersonalFinancewithLeila]

I can film a video breaking down everything I spend in the year!

[@marik1104]

@PersonalFinancewithLeila that would be awesome, thanks Leila! I've been watching your videos for a couple years now and you've helped me so much.

[@christiansailor2880]

Thank you for sharing!

[@69RTR]

Nice detail but why do you use cards with annual fees.

[@PersonalFinancewithLeila]

Thanks! 2 of them had large bonuses and 1 was free for the first year. The one with the $395 annual fee is Capital One and they give you $400 worth in points every year so it makes up for it!

[@michaelazomerlei8412]

Not counting taxes, our largest categories this year will be Housing (mortgage and utilities), Investing, and Daycare (nearly as much as our mortgage for 1 toddler. ugh)

[@PersonalFinancewithLeila]

😩

[@shadowfox2120]

I feel the daycare. It's like renting your child a nice apartment.

[@TigerTsunami404]

Renters insurance while paying each month living at your boyfriend's house is a wild concept, but if it protects you then cool. Other option is to get married and have shared assets when you start living together. Maybe that's a more traditional approach these days. Like anything with finance, try to simplify when possible

[@DavidKnicks]

Awesome!

[@homeworkfive5040]

OK this is cool but how do you track how much money has gone into that specific category? do you have a ton of checking accounts? do you have a column on your sheet that tracks how much money you’re allocating for that category and another column that shows how much you’ve spent? maybe you keep everything in a HYSA?

[@homeworkfive5040]

Oh you have a ton of accounts with different names using Marcus HYSA

[@PersonalFinancewithLeila]

Marcus is just for my sinking funds (savings)

[@PersonalFinancewithLeila]

I budget and track my spending monthly. I then put that data into an annual tracker which adds everything up throughout the year so I can see exactly where my money goes.

[@homeworkfive5040]

@@PersonalFinancewithLeila i understand now. thank you. i already track my monthly expenses and i will follow what you do. thank you. i am now subscribed.

[@kronsonfamily]

I'm expecting to pay almost 40k in taxes and over 50k in debt payments (mortgage, car, retirement loan, and student loans). Then we are paying an extra 40k in debt (paying off car loan and retirement loan). My next biggest expenses are daycare (15k) and home maintenance which is also typically near 5 figures a year. We are really trying to get our expenses down.

[@PersonalFinancewithLeila]

Sounds like an exciting year! Thank you for sharing!!

[@jens795]

Hi Leila! For mint mobile, how is your coverage when you’re traveling outside the US? My fiancé uses Mint and I have ATT but her service didn’t work when we were visiting Canada earlier this year.

[@PersonalFinancewithLeila]

Mint does have an option to buy an international passes and I see for Canada it's free roaming. When we travel internationally usually just my bf buys the countries SD card and we use that and I'll just use wi-fi so I'm not 100% sure! I may try to use it next time!

[@gettingjamieback1888]

Property taxes, car payment, kids activities

[@msjaejontelle]

Completely unrelated how do you do the screen share of your expenses?

[@PersonalFinancewithLeila]

For this video I took a screenshot of my spreadsheet and used Canva to cover each cell as I went with a green background. Typically I just record my screen then when editing I align the audio and edit as needed!

[@msjaejontelle]

@PersonalFinancewithLeila thank you. That is very helpful

[@celestial_sphere3]

housing, transportation, food are the most expensive categories

[@Leonardo-Zamudio]

How come?

[@MadisonBriggsArtchick]

Housing, groceries, my dog

[@jessicatounkara8753]

That is a good color on you.

[@PersonalFinancewithLeila]

Thank you so much!

[@katienumella2539]

Besides housing, my single largest expense is childcare 😅

[@Yeschannel2326]

I suggest you get married before contributing to the house (fixing). I know right now you see it as paying rent you will need to pay right anyways but Sounds like a roommate situation right now. All the best for you!

[@ag2847]

Damn, I would spoil you if you where my girl!! ($600).

[@Jake-st5mm]

Cancel your credit cards and save the $600 in membership days and add that to entertainment funding.

[@stephaniegray6712]

:)

[@mattnorman5241]

youre cute

[@rong8889]

Your hair is long

[@tobirama2898]

Reminder : She says "S-Corp"

[@PersonalFinancewithLeila]

🤣 🗣️